Todays Report: The 5,140 Shares of KAR Auction Services Inc. (KAR) Stock are sold by Lisa A. Price

The 5,140 Shares of KAR Auction Services Inc. (KAR) Stock are sold by Lisa A. Price

KAR Auction Services Inc. (NYSE:KAR) EVP Lisa A. Price sold 5,140 shares of the company’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $44.00, for a total value of $226,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of KAR Auction Services Inc. (NYSE:KAR) opened at 43.45 on Friday. KAR Auction Services Inc. has a 12-month low of $31.54 and a 12-month high of $44.10. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 27.19 and a beta of 1.37. The firm has a 50-day moving average price of $42.57 and a 200-day moving average price of $40.77.

KAR Auction Services (NYSE:KAR) last posted its earnings results on Tuesday, August 2nd. The company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The business had revenue of $771.80 million for the quarter, compared to the consensus estimate of $757.67 million. KAR Auction Services had a return on equity of 19.03% and a net margin of 7.79%. The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Equities research analysts anticipate that KAR Auction Services Inc. will post $2.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 4th. Shareholders of record on Wednesday, September 21st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, September 19th. This represents a $1.16 annualized dividend and a yield of 2.67%. KAR Auction Services’s dividend payout ratio is presently 72.50%.

Several research analysts have weighed in on KAR shares. Jefferies Group upped their target price on KAR Auction Services from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of KAR Auction Services in a research report on Wednesday, August 3rd. Zacks Investment Research raised KAR Auction Services from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Wednesday, July 6th. Northcoast Research lowered KAR Auction Services from a “buy” rating to a “neutral” rating in a report on Thursday, July 14th. Finally, Macquarie reissued an “outperform” rating on shares of KAR Auction Services in a report on Monday, August 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.71.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of KAR Auction Services by 29.9% in the third quarter. BNP Paribas Arbitrage SA now owns 144,104 shares of the company’s stock worth $6,220,000 after buying an additional 33,165 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of KAR Auction Services during the second quarter worth approximately $1,754,000. KAMES CAPITAL plc purchased a new stake in shares of KAR Auction Services during the second quarter worth approximately $34,885,000. Braun Stacey Associates Inc. purchased a new stake in shares of KAR Auction Services during the second quarter worth approximately $340,000. Finally, Calvert Investment Management Inc. raised its stake in shares of KAR Auction Services by 9.6% in the second quarter. Calvert Investment Management Inc. now owns 11,087 shares of the company’s stock worth $463,000 after buying an additional 972 shares during the period.

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